Columbus is the political and educational capital of Ohio. Anchored by state government and Ohio State University, with 66,000 students, the local economy is experiencing an increase in business investment. The city has become an operations center for financial services companies, with two large institutions—JP Morgan Chase and Nationwide—each employing more than 10,000 people in the region.
In 2015, Columbus had the highest wage growth among large U.S. cities. Sustained development has brought thousands of new residents to the downtown area. With rising population and low unemployment, consumption is growing rapidly in Columbus. Serving local consumers requires significant logistics and warehouse space.
Columbus’s location, in both the middle of Ohio and the country, makes it an important regional and national hub for logistics. Some 47 percent of the United States population resides within a 10-hour drive of Columbus, making it an ideal location for industrial warehouse property.
Prologis owns and operates dozens of industrial warehouses in the Columbus region, many of them on the west side of town, near the junction of Interstates 70 and 270.